sumantso

I take it back. I remembered Zenithcoin was extremely hated and by and large had a bad rep, so much so that nobody was even interested in the giveaways. The coin dev, Solarcx, was getting 50% of the mined ZTC which was a major sticking point (not to mention his extremely arrogant attitude). He had in the middle also tried using the coins as tokens for some BTC mining which didn't work out. https://bitcointalk.org/index.php?topic=219644.0

So I looked up in BTCtalk again and it seems that the coin was recently sold to 'FrictionlessCoin' which is probably Ed (or Ed hired FrictionlessCoin), who has a very bad standing in the community, and personally to me seemed like someone who has been trying to scam (he has been quite busy, including some fork of NXT and has raised quite a lot of money).

Since I don't have much idea about the business, and how hard it is to try to get somebody like Ed, I would strongly urge others to look into it. But I should add that if I was not invested in I3 earlier, I would have certainly steered cleared of I3 if I heard it was allying with ZTC/FC. Granted, the loss of my puny investments wouldn't have registered; but I am willing to bet lots of others would have the same feeling.

Eddie Corral joins the partnership with 25 plus years in the musicbusiness from recording to music publishing, concert promotions andradio broadcast experience – Eddie has worked for the major label systemand has signed five acts to major label deals. Eddie is a current fifteenyear voting member of the recording academy NARAS – his experiencewill help shape the future of how BitShares Music will engage the fandirectly with a recording artist of his/her choice. Eddie will be in chargeof securing contracts with artist and record labels to secure a smoothtransition into this new and exciting platform.

i'm a litte bit confused! Is this same Eddie form Zenithcoin etc.?

Logged

█║▌║║█ - - - The quieter you become, the more you are able to hear - - - █║▌║║█

sumantso

Also, I would like to add that I was there when the initial ZTC was launched (you may even find my posts in the old thread). Since it was by and large shunned by the community (Magnet and co actually ran with the original chain so that 2 ZTCs were existing at some point), only Solarcx kept mining for months. That and add to that anybody mining was giving back half to the dev meant that Solarcx had almost the entire coin supply. I wouldn't be surprised if more than 90% is in Solarcx's hand (or the new owner if that is indeed true). Giving 50% to such a distribution would be very dangerous, not to mention a PR disaster (see NXT and its distro, where 73 people participated in the IPO).

I can see why ZTC would be tempting for somebody to release something like this as you have almost the coin supply in your hands.

I take it back. I remembered Zenithcoin was extremely hated and by and large had a bad rep, so much so that nobody was even interested in the giveaways. The coin dev, Solarcx, was getting 50% of the mined ZTC which was a major sticking point (not to mention his extremely arrogant attitude). He had in the middle also tried using the coins as tokens for some BTC mining which didn't work out. https://bitcointalk.org/index.php?topic=219644.0

So I looked up in BTCtalk again and it seems that the coin was recently sold to 'FrictionlessCoin' which is probably Ed (or Ed hired FrictionlessCoin), who has a very bad standing in the community, and personally to me seemed like someone who has been trying to scam (he has been quite busy, including some fork of NXT and has raised quite a lot of money).

Since I don't have much idea about the business, and how hard it is to try to get somebody like Ed, I would strongly urge others to look into it. But I should add that if I was not invested in I3 earlier, I would have certainly steered cleared of I3 if I heard it was allying with ZTC/FC. Granted, the loss of my puny investments wouldn't have registered; but I am willing to bet lots of others would have the same feeling.

That coin is now under new management. Not being a coin developer, Eddie's original strategy was to buy an abandoned worthless coin and rejuvenate it by backing it with the value of his ideas. Then he met us.

Now we are using the power of the snapshot to move all of his capital into a better platform - bitshares!

We expect to rescue the holders of many other unprofitable platforms, maybe even Bitcoin, as more and more folks abandon mined coins for a profitable platform.

After the merging snapshot, all music will trade in bitshares, so what difference will the history of the ship that delivered the wealth to our ecosystem make?

Logged

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind. These are merely my opinions which I reserve the right to change at any time.